01
Feb
14:54
Vallourec to buy Tianda
France’s Vallourec has signed an agreement with China’s Tianda Oil Pipe to take full control of the seamless pipe producer. The move will see Vallourec strengthen its presence in China with a top-end 500,000 tonne/year seamless OCTG mill, Kallanish notes.
Trading in Tianda shares was halted on the Hong Kong Stock Exchange on Monday pending further details of the takeover. Vallourec, which already owns 19.46% of the company, expects to buy a…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous